Calcalist

Major companies like Palo Alto Networks and Nvidia continue to hire extensively in Israel despite industry-wide layoffs. The AI revolution is reshaping candidate requirements, emphasizing deep engineering knowledge and proficiency in AI tools.

Most Asian stock exchanges are recording gains following the positive trend on Wall Street. SK Hynix shares are up 25% and Samsung is up 20% following strong reports from major tech companies.

US economic growth reached 1.5% in the second quarter, missing analyst expectations. Meanwhile, the Personal Consumption Expenditures (PCE) index fell by 0.1% in June, marking the first decline since 2020.

The Pozis family, controlling shareholders of Novolog, announced plans to replace the board of directors. This move triggered a power struggle and a 16.6% surge in the company's share price.

Negev Ceramics has returned to the Tel Aviv Stock Exchange through a bond issuance, raising 87 million shekels. This marks the company's first appearance on the public market in 14 years.

The Committee for the Reduction of Concentration has voted against the Shapir Group's acquisition of the Ashdod Oil Refinery (Bazash), citing concerns over excessive economic concentration.

Novolog shares are surging amid a struggle for control. The Movement group has offered a 100 million shekel investment for a 21.34% stake, prompting controlling shareholder Ehud Pozis to attempt to dissolve the board to block the deal.

Goldman Sachs will pay a former employee $1.963 million in compensation after an English court ruled he was unfairly dismissed. The ruling followed the employee's six-month parental leave.

The Histadrut has demanded that Arkia owners, the Nakash brothers, ensure that any sale of the airline includes a condition to continue flights on Shabbat. The union fears that a deal with Haredi investors could jeopardize the company's financial stability.

Starting midnight Saturday, fuel prices will rise by 61 agorot per liter. The price of 95-octane gasoline at self-service stations will reach 8.09 shekels.

Dual-listed chip stocks return to the Tel Aviv Stock Exchange with strong negative arbitrage gaps. The market prepares for the opening following significant declines on Wall Street.

The Government Companies Authority aims to take the defense firm Tomer public within two to three years. However, capital market experts remain skeptical due to corporate governance challenges and the company's classified nature.

The dollar is stabilizing against the shekel following the Fed's decision to keep interest rates unchanged. Amid new US strikes in Iran, the dollar trades near 3.08 shekels, while the euro continues to climb, reaching 3.52 shekels.

The Nikkei index is up 1.3%, while the Kospi and Hang Seng show declines. Oil prices are retreating: Brent crude is down 1.4% to $89.5 per barrel, and WTI is down 1.1% to $83.5 per barrel.

An internal audit at Cohan Properties revealed that CEO Mike Cohan used millions of dollars in company funds for private assets. Despite claims of repayment, the outstanding debt stands at approximately $3.8 million as of July 29.

Teva's transformation from a generics manufacturer to an originator drug developer has pushed its market cap above $40 billion. The company is planning a direct listing in New York to facilitate its inclusion in the S&P 500 index.

The company 'Movement', owned by Eli Dahan, has submitted an offer to purchase 21.34% of the shares of pharmaceutical distributor 'Novolog' in exchange for a 100 million shekel investment.

A fire at the Angel Bakeries plant in Kfar HaHoresh has caused damage estimated in the tens of millions of shekels. The insurance company has rejected the claim, offering only partial compensation, leading to a legal dispute.

El Al's "Matmid" frequent flyer program has appealed to the Second Authority for Television and Radio to pull a new Max commercial for the SkyMax card. The company claims the ad misleads consumers regarding point redemption terms.

A Bank of Israel study reveals that overly lenient bankruptcy laws lead to credit contraction and higher interest rates. Banks react more severely and for a longer period than the temporary spike in insolvency filings.

The rally in the local stock market pushed assets under management in the investment portfolio sector to 493 billion shekels in 2025, an increase of 18.5% compared to 2024. This emerges from a review by the Israel Securities Authority.

Terminal X, the fashion site of the Fox Group, continues its expansion strategy by acquiring 51% of the Sde Bar chain. This marks the company's first entry into the modest fashion segment.

Minister of Justice Yariv Levin has extended a temporary order protecting reservists and their spouses from debt enforcement proceedings. The relief period is now effective until February 28, 2027.

Partner will provide the communications infrastructure for the Gush Dan congestion pricing project. The company expects to generate up to 100 million shekels in revenue over the two-decade operational period.

State-owned defense company Tomer is preparing to list on the stock exchange within two years. The company is currently working on issuing bonds and transitioning into a reporting entity.

The Israeli Ministry of Economy has terminated its anti-dumping investigation into medical cannabis imports from Canada. The decision follows a procedural failure to notify Canadian authorities, as required by international trade regulations.

In the first half of 2026, the number of land tenders published by the ILA dropped by 63% year-on-year. Data shows that 44.4% of tenders ended without a winner.

Bank Hapoalim and the board of directors of Peilim Portfolio Management have approved the appointment of Eyal Reuven (48) as the company's CEO. He succeeds Avishai Kruani, who recently announced his departure.

Following yesterday's declines on the Tel Aviv Stock Exchange, the local oil and gas sector is set to react to sharp rises in oil prices. This comes amid the renewal of mutual attacks in Iran.

The dollar rose 0.3% to 3.06 shekels in local trading as markets await the Fed's interest rate decision. Analysts are debating whether the central bank will maintain current rates or surprise with a hike.

Following the renewal of attacks in Iran, Brent crude rose 4% to $87.5 per barrel, and WTI to $82.5. The KOSPI index fell 7% following disappointing reports from SK Hynix.

The American investment fund Affinity Partners, led by Jared Kushner, has sold 2.5% of its holdings in Phoenix Finance for 1.05 billion shekels. The American firm Fidelity acquired the largest portion of the sold shares.

A Calcalist review reveals that only a few flexible funds consistently outperform the TA-125 index. As more Israelis direct savings to the capital market, selecting a skilled manager has become a critical decision.

The Israel Securities Authority has released a draft circular expanding crypto trading options. This marks the third regulatory move in two months, aimed at establishing a transparent financial framework.

The Israel Securities Authority has forced Israir to postpone a shareholders' meeting regarding a transaction with Rami Levy. The regulator deemed the deal material, requiring the disclosure of additional commercial data.

According to the Bank of Israel's annual report, the average cost of managing a current account and credit card in 2025 was 379 shekels. With an average of 2.6 accounts per household, the annual cost for a family reaches approximately 1,000 shekels.

In 2025, Israel's high-tech imports reached a record $19.8 billion, a 10.5% increase. This data highlights the economy's heavy reliance on a narrow cluster of high-tech giants.

Leasing firm Albar is strengthening its mortgage sector presence by acquiring an additional 12.75% stake in Credit 360. The deal values the company at 220 million shekels.

New York City Mayor Zohran Mamdani has unveiled plans for a city-owned supermarket chain. The stores will offer a 30% discount on essential goods, potentially saving the average consumer around $1,000 annually.

Concerns surrounding chip and AI stocks have led to sharp declines in Asian markets, with the Seoul stock exchange crashing by 11%. On Wall Street, Nvidia's stock weakness allowed Apple to reclaim the top spot in market capitalization.